2415 PELICAN DRIVE

SARASOTA, FL 34237

Listing courtesy of COLDWELL BANKER REALTY · MLS# A4659633

$480,000

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Property Details

Bedrooms

Bathrooms

Square Feet

1,494

MLS#

A4659633

Listed

August 12, 2025

Description

Charming 1950s Florida Ranch-Style Home with Separate One-Bedroom Apartment in Sought-After Terrace Gardens! Don’t miss this rare opportunity to own a classic mid-century Florida ranch home in the desirable Terrace Gardens community. Situated on an expansive corner lot, this single-family residence offers exceptional flexibility, income potential, and future development possibilities. The main home features 2 bedrooms and 1 bath, showcasing original wood floors in the bedrooms, generously sized closets, and a delightful lanai-style sitting room perfect for relaxing. A beautifully carved-out one-bedroom, one-bath apartment provides a private space ideal for guests, extended family, or rental income—both units are currently rented. Whether you're looking to generate income immediately or envision building your dream home in a neighborhood filled with new construction, this property offers endless possibilities. Enjoy the unbeatable location: bike the nearby Legacy Trail, explore downtown’s vibrant restaurants and cultural scene, play at Payne Park, or spend the day at the beach—all just minutes away.

Facts & Costs

Property type: Single Family Residence
Year built: 1950
Lot size: 10,200 sq ft
Stories: 1
Price per sq ft: $321
Days on market: 415
Private pool: No
Waterfront: No
Community: Terrace Gardens
Subdivision: TERRACE GARDENS
County: Sarasota
Flood zone: x500

Monthly & yearly costs

Property taxes: $4,460 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating: Electric
Cooling: Central Air
Flooring: Wood
Roof: Shingle
Construction: Frame

Payment Estimate

$2,799 / month

Principal & interest: $2,427
Property taxes: $372
HOA: $0
Home insurance: enter below

Down payment (20%)$96,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

Dryer
Range
Refrigerator
Washer
Eat-in Kitchen
Thermostat
Rain Gutters

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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